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Black Market Dollar To Naira Exchange Rate Today 7th May 2025

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Black Market Dollar To Naira Exchange Rate Today, 7th May 2025, Can Be Accessed Below.

IMPORTANT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means that…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.

Newsrain Nigeria has obtained the official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.

Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.

As of now, you can purchase 1 dollar at a certain rate now however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.

What’s the dollar to naira black market today, 7th May 2025?

The local currency (abokiFx) opened at ₦1,608.00 per $1 at the parallel market, otherwise known as the black market, today, Wednesday, 7 May 2025, in Lagos, Nigeria, after it closed at ₦1,600.00 per $1 on Tuesday, 6 May 2025.
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦1,608
Selling Rate ₦1,615

Please note that Nigeria’s black market dollar-to-naira exchange rate is typically higher than the official exchange rate because the Federal Government does not regulate it. The rates you buy or sell forex may differ from what is captured in this article because prices vary.

What is the official exchange rate for dollar to naira today? Here is the dollar to naira CBN rate today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate of $1 ₦1,605
Selling Rate of $1 ₦1,606

Please note that Nigeria’s black market dollar-to-naira exchange rate is typically higher than the official exchange rate because the Federal Government does not regulate it. The rates you buy or sell forex may differ from what is captured in this article because prices vary.

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